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Hong Kong – Claim pleading duty of care against auditor struck out for "putting the cart before the horse"
In Chan Kam Cheung v Ronnie K W Choi & Anor [2022] HKCFI 3028, a judge upheld a master's (judicial officer's) decision to strike out the plaintiff shareholder's action against the former auditors of the company.
Read moreUS and Chinese regulators sign landmark agreement on inspection of Chinese audit work
On 26 August 2022, the US Public Company Accounting Oversight Board (PCAOB) and the PRC China Securities Regulatory Commission (CSRC) and Ministry of Finance (MoF) signed a Statement of Protocol that would allow US regulators access to audits of Chinese companies listed on the US stock exchanges.
Read moreHKEX published additional guidance specific to biotech companies
Read moreSolana hack could lead to claims against its developers and service providers
A cyberattack on Solana, which has resulted in the wallets of 8,000 customers being drained, could potentially lead to claims being taken against its software developers and third-party service providers, says international law firm RPC.
Read more1.5 million square metres added to distribution warehouse centres in past year – as e-commerce booms
Large distribution warehouse centres saw an extra 1,500,000m²* in space added last year, the equivalent of 210 football pitches, according to RPC, the international law firm.
Read moreRPC comments on landmark Lloyd v Google Supreme Court judgment
This morning the UK Supreme Court handed down its landmark decision in Lloyd v Google.
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